Binance will launch a new ‘industry recovery fund’

FTX roiled markets throughout the week, culminating with the exchange's Chapter 11 bankruptcy filing on Friday.

A shift in power could affect negotiations around new rules for digital assets, giving Republicans, if they take the majority, increased leverage in the House to influence policy around stablecoins and oversight of crypto’s spot markets, as well as more oversight power over regulators.

Recent events in the crypto market space regarding FTX and Celsius have taken Binance into their hands the 'recovery' of the industry... “to help projects who are otherwise strong but in a liquidity crisis.'

Lol that was fast

type of face pic that seems kinda cute now but will be deemed evil after Binance has fallen

1) What

at_mwagner

Is there anything like it?

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Yeah, what could go wrong with that?

What happened the last time a Billionaire Crypto CEO tried to 'fix the space?'

sounds similar

🤢

Soon: Fed for Crypto

Terrible idea ...will just encourage more irresponsible risk management and corruption at exchanges

This is the reason for Pump Lol

Weldone 👍

Virtue signaling

czking

Cz spending money like Sam 👀

Cz is the goat

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Binance CEO says crypto industry needs clarity of regulationsDominant cryptocurrency exchange Binance's chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants 'cutting corners'. Now he tells us Crypto is a ponzi scheme designed to launder money. It needs to be stopped. Hilarious!!! Binance is based in the Cayman Islands. Come onshore then, and get regulated.
Source: Reuters - 🏆 2. / 97 Read more »